Cheesman Park apartment building sells for first time in 42 years at $30M

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The Park Cheesman Apartments at 1177 Race St. in Denver. (Photo: FOX31)

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DENVER — An apartment building along the eastern edge of Cheesman Park has sold for the first time in 42 years.

1177 Race Street LLC paid $30 million last week for the The Park Cheesman Apartments at 1177 Race St., according to public records.

The 12-story property has 88 units, making the deal worth $340,909 a unit. It was 98 percent occupied at the time of sale.

The complex was built in 1970, according to property records.

Read more about this news on BusinessDen.com.

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